Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. A controlled transaction can be subject to tighter IRS scrutiny, especially if the property is sold below fair market value.

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on. ACCURATE DATA. It will help everyone!

Agents 378

Agents Appraisal Renovations Development 378

Housing Wire

MAY 21, 2024

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488

Housing Wire

FEBRUARY 10, 2025

The best advice I got from an experienced agent was simple but powerful: “Do as many open houses as you can.” If you dont have your own listings, ask other agents in the office if you can run an open house at one of their listings. Most will be happy to oblige because its free marketing for their listing.

Open Houses 289

Open Houses Agents Real Estate Property Taxes 289

Appraisal Buzz

APRIL 3, 2025

BPOs long a staple of real estates valuation ecosystem are often vulnerable to variation between agents and assignments. The integration will also improve BPO accuracy: By more accurately matching comparables of similar condition and quality, AssetVal improves alignment with true market value. The integration of Restb.ai

Modernization 195

Modernization Valuation Market Value Real Estate 195

Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

Market Value 354

Market Value Appraisal Agents Real Estate Agent 354

Housing Wire

APRIL 1, 2021

Compass’s hoped-for market value is $7.2 Wedlake hypothesizes that Compass will enjoy a greater market value than Realogy , arguably its most apples-to-apples competitor, which has a market cap of $1.8 Compass last year generated $664 million in revenue, when agents’ commission shares are subtracted.

Brokerage 428

Brokerage Market Value Real Estate Agents 428

Appraisal Buzz

OCTOBER 4, 2024

It might go without saying that a junk-cluttered yard does a home seller no favors—in fact, six in 10 real estate agents estimate that an unkempt front yard decreases a property’s value by 20% or more. What if a neighbor is the clutter-collecting culprit—could the adjacent property take a home-value hit?

Home Value 397

Home Value Real Estate Agent Sellers Real Estate 397

Cleveland Appraisal Blog

JULY 20, 2022

It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. Appraisal gap clauses have become relatively common in recent years due to many homes being sold at prices that market data does not support as being the market value.

Appraisal 402

Appraisal Market Value Contracts Buyers 402

Housing Wire

MARCH 23, 2021

would give the brokerage a “fully diluted market value of $12.5 Reuters and other outlets Tuesday morning pegged Compass’s hoped-for market value at $10 billion. billion market value. It is not clear when exactly Compass plans to go public. A successful sale of stock at $24.50 at the end of Monday.

Valuation 439

Valuation Marketing Brokerage Market Value 439

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. In other words, why are appraiser estimating market value below the contract price so often?

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

FEBRUARY 14, 2024

“I get tons of emails every day from investors looking for properties, but of course, they only want homes that are under market value, which are hard to come by. When they find those properties, they pile in,” Carrie Caruthers, a Redfin real estate agent in Riverside County, California, said in the report.

Real Estate 521

Real Estate Investors Real Estate Agent Market Value 521

Housing Wire

MAY 18, 2021

“I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. “It’s very competitive, and more agents are entering the field now. .

Real Estate 468

Real Estate Marketing Real Estate Agent Agents 468

Housing Wire

NOVEMBER 2, 2021

The prior announcement was stunning in its own right, and led to revelations that the company bought homes for well above market value, and re-listing homes for less than what they were bought for. The purchase has triggered a Federal Trade Commission inquiry regarding Zillow’s array of agent and consumer data.

Market Value 418

Market Value Real Estate Agent Agents Business 418

Housing Wire

APRIL 5, 2024

While the San Francisco-Oakland-Fremont housing market may be decently hot, local real estate agents feel that it could be hotter. There has been a little bit of a downturn, it was a little bit frothier earlier in the year,” said Andrea Gordon , an Oakland-based Compass agent.

Housing Market 459

Housing Market Marketing Inventory Agents 459

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. As overall home sales decline on a national level, signing listings is more difficult than ever for agents of all experience levels.

Real Estate 468

Real Estate Open Houses Agents Sellers 468

Housing Wire

NOVEMBER 5, 2024

The removal of offers of buyer broker compensation from most MLSs across the country — as mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement — was a massive change for real estate agents and brokers. 17 changes , many considered it best practice to contact an agent and verify this information. “If

Appraisal 370

Appraisal Business Real Estate Agent Real Estate 370

Housing Wire

JULY 16, 2021

Nary a week went by where eXp was not announcing an influx of new agents (now over 50,000) or expansion into new countries (19 by the end of this September). billion market capitalization, less than half of its previous market value. Unclear is what pressure eXp’s agents may feel to direct their clients to Success.

Mortgage 435

Mortgage Lending Brokerage Agents 435

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. It’s imperative that agents invest their time to properly prepare comps!

Marketing 435

Marketing Real Estate Agent Clients Tools 435

Housing Wire

JUNE 1, 2021

Budnick replaces Chris Stuart, who took a job as president of Place , a real estate technology platform for both brokers and agents. a company with a market value of nearly $700 billion. The daughter of a real estate agent, Budnick first went into finance, working with Bank of America.

Real Estate Agent 341

Real Estate Agent Brokerage Real Estate Realty 341

Housing Wire

DECEMBER 2, 2021

But the division produced a $421 million loss before taxes, and analysis from KeyBanc and industry analyst Mike DelPrete as well as anecdotes from real estate agents indicated Zillow paid more than market value for homes. .

Inventory 459

Inventory Real Estate Agent Investors Market Value 459

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. Usually, the information further supports my opinion of value, when I take a closer look. Good agents know this.

Housing Market 368

Housing Market Marketing Reconsideration of Value Contracts 368

Housing Wire

APRIL 19, 2024

Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market.

Luxury Properties 488

Luxury Properties New Listings Buyers Market Value 488

Cleveland Appraisal Blog

AUGUST 20, 2021

That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. Often, homeowners, agents, and others base their value opinions on square footage obtained from public records, usually because it’s free and, in most areas, available to the public.

Appraisal 418

Appraisal Market Value Contracts Agents 418

Cleveland Appraisal Blog

MAY 26, 2023

Because in both instances, they first had their homes valued by real estate agents, not appraisers. But the owner felt that a real estate agent could do the same type of valuation as an appraiser. And the agent they initially used was less expensive than hiring a certified appraiser. All three are market-based approaches.

Appraisal 305

Appraisal Real Estate Agent Real Estate Valuation 305

Appraisal Buzz

SEPTEMBER 26, 2022

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. Also part of the definition: Reasonable market exposure time. As an appraiser, I had to look at what I had spent a lifetime doing: “Find market value.”

Market Value 321

Market Value Sellers Buyers Finance 321

Housing Wire

OCTOBER 12, 2023

When we go through the brokerage valuation process, the product is Fair Market Value (FMV). At this FMV, neutral terms would be somewhere around $180,000 down (30%) and the rest over a four-year earn-out, contingent on the production of the agents who were with the seller as of the closing date.

Sellers 448

Sellers Buyers Brokerage Valuation 448

Appraisal Buzz

JULY 25, 2024

Redfin defines “luxury homes” as those estimated to be in the top 5% of their respective metro area based on market value, and non-luxury homes as those estimated to be in the 35th-65th percentile based on market value. Non-luxury home prices grew at less than half that pace, rising 3.8% in Q2, year-over-year.

New Listings 396

New Listings Inventory Market Value Buyers 396

Housing Wire

MARCH 1, 2023

The API integration will allow lenders to bring product offerings to open houses, allowing them to engage borrowers “earlier in the lifecycle,” and will also enable lenders to better support co-marketing partners like real estate agents and loan officers.

Real Estate Agent 370

Real Estate Agent Technology Open Houses Loan Officers 370

JMV Lending

APRIL 18, 2024

The post Appraised Value Can’t Exceed Highest Comps; Appraised Value Market Value; WHY WE NEED AGENTS! We had an appraisal come in $40,000 under contract a few weeks ago and both the buyers and sellers were furious solely because they did not understand appraisal guidelines.

Market Value 78

Market Value Appraisal Agents Marketing 78

Housing Wire

OCTOBER 15, 2020

Homeowners can now get a StreetEasy estimate of their homes’ current market value based on features that are unique to New York City, the company said. Homeowners start by claiming their home, then requesting an AI-powered estimate of their home’s current market value, an estimated price per square foot and monthly rent.

Valuation 370

Valuation Tools Market Value Real Estate 370

Housing Wire

SEPTEMBER 6, 2024

The four firms in question all had joint ventures (JVs) or affiliated business arrangements (ABAs) in which real estate agents, who were also business referral sources, were investors. or divest real estate agents from their ownership interests. “It Thus, a JV could comply with the D.C. If so, why and where’s the authority for that?”

Insurance 459

Insurance Real Estate Agent Law Real Estate 459

Housing Wire

MARCH 31, 2021

That share price would have given the company a roughly $10 billion market capitalization (a figure arrived at by multiplying the $23-$26 share price by the total number of publicly available and non-public shares, which is about 400 million). The price reduction docks Compass’s target market value to around $7 billion.

Valuation 418

Valuation Brokerage Market Value Business 418

Housing Wire

JANUARY 3, 2023

It may be that many of the loan originators and real estate agents calling for major changes to the VA appraisal process are be those with the least amount of first-hand experience with the VA product. When it comes to establishing market value, I think the VA appraisal at present determines this as well as any other.

Modernization 83

Modernization Real Estate Agent Appraisal Process Reconsideration of Value 83

Miller Samuel

NOVEMBER 30, 2018

As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers. One group not explicitly mentioned in the petition but impacted down the road are real estate agents and brokers. The seller and the buyer determined the market value by agreeing on the price."

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Housing Wire

OCTOBER 9, 2023

What the investigators are finding — not in every case, but in a majority of the cases — is that the investment is proper and they are paying fair market value for the investment.” The JVs do not qualify for the safe harbor because they fail to satisfy (at least) this third condition.”

Real Estate 468

Real Estate Insurance Real Estate Agent Brokerage 468

Appraisal Buzz

JUNE 10, 2024

“There’s no getting around the fact that it’s expensive to buy a home right now, but some people are having luck negotiating with sellers,” said Bonnie Phillips, a Redfin Premier agent in Cleveland. I’ve seen buyers get a home under asking price when it has been on the market for a few weeks.

New Listings 397

New Listings Sellers Mortgage Agents 397